SplitMay 6, 2026, 08:16 AM
Banzai Announces 1-for-20 Reverse Stock Split Effective May 8
AI Summary
Banzai International, Inc. announced a 1-for-20 reverse stock split of its Class A and Class B Common Stock, effective May 8, 2026. The primary goal is to increase the per share price of its Class A Common Stock to maintain compliance with the Nasdaq Minimum Bid Price Requirement. As a result, the total number of outstanding shares will be significantly reduced, with fractional shares rounded up to the nearest whole share.
Key Highlights
- Banzai International, Inc. will effect a 1-for-20 reverse stock split.
- The reverse stock split is effective at market open on May 8, 2026.
- Purpose is to increase per share price and maintain Nasdaq Minimum Bid Price Requirement.
- Outstanding Class A Common Stock will reduce from 22,910,282 to 1,145,515 shares.
- Outstanding Class B Common Stock will reduce from 677,118 to 33,856 shares.
- Fractional shares resulting from the split will be rounded up to a whole share.
- New CUSIP number for Class A Common Stock is 06682J605.
Price Impact
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